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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-12
'Mobile phones 'transforming' Africa but growth to slow'

'Mobile phones 'transforming' Africa but growth to slow'

The rapid spread of mobile phones across Sub-Saharan Africa is transforming the region, but record levels of growth are due to slow sharply, an industry report said this week. The industry contributed more than $100 billion to the region's economy last ye
Published 12 Oct, 2015 12:00am
Lifelong email address can be key to digital happiness, say experts

Lifelong email address can be key to digital happiness, say experts

Keeping the same email address lifelong is a little-noticed recipe to digital happiness, reports the German tech magazine c't in a recent report on one of the internet's bugaboos. The problem: online accounts for everything from Facebook to the electricit
Published 12 Oct, 2015 12:00am
Google targets investment Symphony secure messaging

Google targets investment Symphony secure messaging

Google is set to invest in secure messaging start up Symphony, primarily used by major financial entities and valued at $650 million, the Wall Street Journal said Tuesday. Symphony uses encryption technology, allowing firms to communicate securely on a ce
Published 12 Oct, 2015 12:00am
Google aims at getting news to smartphones faster

Google aims at getting news to smartphones faster

Google laid out a plan Wednesday to make tapping into news on mobile devices faster, keeping eyeballs on stories and people visiting websites. The California-based Internet search colossus said that slow downloads to smartphones or tablets are costing new
Published 12 Oct, 2015 12:00am
Google upgrades speech recognition for Android, iOS

Google upgrades speech recognition for Android, iOS

Google has announced upgrades to its speech-recognition technology for Android and iOS devices, saying that search requests and other commands will be recognised and acted upon more quickly, even amid background noise. The key is something called Connecti
Published 12 Oct, 2015 12:00am
Random quirky corners of internet only a click away

Random quirky corners of internet only a click away

Anyone who needs a search engine to help them find useful sites online is spoiled for choice. But who's there to help you when you need a break and just want to go to the silliest site possible? Enter The Useless Web. Clicking on its website, www.theusele
Published 12 Oct, 2015 12:00am
iOS 9 launches new trick to opt for 'desktop' websites

iOS 9 launches new trick to opt for 'desktop' websites

Although the mobile version of a website looks best on a smartphone's screen, sometimes there's extra information on the big-screen, "desktop" version of the website. Users of iOS 9 now have a special trick they can use to switch to the desktop view.
Published 12 Oct, 2015 12:00am
New Pebble looks like classic watch, but needs frequent recharges

New Pebble looks like classic watch, but needs frequent recharges

Being flat and light, the Pebble Time Round from Californian company Pebble looks more like a classic watch than its smart-watch peers. Unfortunately, the company's newest offering comes up a bit short in the battery life department.
Published 12 Oct, 2015 12:00am
Tesco shows signs of recovery after profit collapse

Tesco shows signs of recovery after profit collapse

Britain's biggest supermarket Tesco said it was trading ahead of expectations and outperforming rivals after a move to sacrifice profitability in favour of price cuts and better services won back customers. Reporting results a week after rival Sainsbury's
Published 12 Oct, 2015 12:00am
Lafarge Nigeria unit takes control of United Cement

Lafarge Nigeria unit takes control of United Cement

An affiliate of Lafarge Africa has completed a 100 percent acquisition of Nigeria's third-largest cement manufacturer United Cement Company of Nigeria (UNICEM), the local unit of the French cement maker said on October 05. Lafarge did not disclose the pur
Published 12 Oct, 2015 12:00am
Riyad Bank third quarter net profit falls

Riyad Bank third quarter net profit falls

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 16.5 percent fall in third-quarter net profit on October 07 that it blamed on declining operating income. The bank made a net profit of 899 million riyals ($239.73 million) in the three
Published 12 Oct, 2015 12:00am
Euronext posts strongest September since 2008

Euronext posts strongest September since 2008

Euronext NV said September was its most active month in terms of average daily transaction value since 2008 as uncertainty over the US Federal Reserve interest rate hike and concerns of a slowdown in China weighed on stock markets.
Published 12 Oct, 2015 12:00am
More losses for Taiwanese smartphone maker HTC

More losses for Taiwanese smartphone maker HTC

Taiwan's struggling smartphone maker HTC on October 05 reported a second straight quarterly loss in the three months to September, just weeks after announcing job cuts as it tries to turn around its business.
Published 12 Oct, 2015 12:00am
Siemens chief calls for more state backing of exporters

Siemens chief calls for more state backing of exporters

The German government needs to offer the country's exporters more backing for big international infrastructure bids to avoid losing industrial orders and German jobs, Siemens Chief Executive Joe Kaeser said.
Published 12 Oct, 2015 12:00am
Sony to split off fast-growing image sensor business

Sony to split off fast-growing image sensor business

Sony Corp said it will split off its semiconductors operations in a bid to bolster growth in devices such as image sensors, which have helped lead a turnaround at the Japanese electronics maker. Sony said the move was part of the company's push to give au
Published 12 Oct, 2015 12:00am
'UAE bank ADIB has no further capital plans'

'UAE bank ADIB has no further capital plans'

Abu Dhabi Islamic Bank has no current plans to raise more capital after a rights issue last month, its chief executive said on October 05, adding that the lender would eschew expansion to focus on existing markets. The largest Islamic lender in the emirat
Published 12 Oct, 2015 12:00am
Credit Suisse boss looks for Asian growth

Credit Suisse boss looks for Asian growth

Credit Suisse's capital markets advisory unit will help it win business from Asia's growing ranks of self-made millionaires, new Chief Executive Tidjane Thiam said in a newspaper interview. Thiam joined the Swiss bank as CEO in July and signalled a strate
Published 12 Oct, 2015 12:00am
Philippine firms on billion-dollar global shopping spree

Philippine firms on billion-dollar global shopping spree

Philippine firms are on an unprecedented global shopping spree, spending billions on everything from vineyards to food manufacturers and casinos, reflecting the nation's recent economic rise.
Published 12 Oct, 2015 12:00am
Ineos buys North Sea gas field from Russian billionaire

Ineos buys North Sea gas field from Russian billionaire

Swiss chemicals company Ineos has bought all the UK North Sea gas fields owned by the DEA Group, which is in turn owned by Russian billionaire Mikhail Fridman's investment fund LetterOne, the companies said on Sunday.
Published 12 Oct, 2015 12:00am
France to agree aerospace deals with Saudi Arabia

France to agree aerospace deals with Saudi Arabia

France and Saudi Arabia are to agree big aerospace contracts when French Prime Minister Manuel Valls visits the kingdom on Tuesday, sources close to the matter said on Sunday. Valls is on a tour of several Middle Eastern countries which began on Saturday
Published 12 Oct, 2015 12:00am
Iraq halts plan for international bond issue

Iraq halts plan for international bond issue

Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high, Deputy Finance Minister Fathil Nabi said on Sunday in a fresh blow to the country's efforts to finance itself. Finance minister Hoshiyar
Published 12 Oct, 2015 12:00am
Iraq halts plan for international bond issue

Iraq halts plan for international bond issue

Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high, Deputy Finance Minister Fathil Nabi said on Sunday in a fresh blow to the country's efforts to finance itself. Finance minister Hoshiyar
Published 12 Oct, 2015 12:00am
AB InBev may raise bid for SABMiller

AB InBev may raise bid for SABMiller

Brewer Anheuser-Busch InBev may raise its take-over offer for SABMiller ahead of Wednesday's bid deadline, a source close to the matter said on Sunday. An offer in the range of 43 to 44 pounds per share is a possibility, the source said, adding that AB In
Published 12 Oct, 2015 12:00am
Credit Suisse may cut up to 2 billion Swiss francs in costs

Credit Suisse may cut up to 2 billion Swiss francs in costs

Swiss bank Credit Suisse could cut up to 2 billion Swiss francs ($2.08 billion) in costs as part of a revamp that new Chief Executive Tidjane Thiam will announce this month, the Schweiz am Sonntag paper reported. Without naming its sources, the Sunday pap
Published 12 Oct, 2015 12:00am
UN, World Bank to launch refugee and reconstruction bonds

UN, World Bank to launch refugee and reconstruction bonds

International agencies plan to raise billions of dollars to tackle the worsening refugee crisis in the Middle East and North Africa by issuing new bonds to help displaced people and support reconstruction in the war-torn region. The United Nations, World
Published 12 Oct, 2015 12:00am
Kuwait says won't slow development of oil projects

Kuwait says won't slow development of oil projects

Kuwait will not slow the development of its oil industry projects in response to the fall of crude prices, its oil minister Ali al-Omair told an industry conference on Sunday. The chief executive of state energy giant Kuwait Petroleum Corp, Nizar al-Adsan
Published 12 Oct, 2015 12:00am
US rate rise 'an expectation, not a commitment': Fed's Fischer

US rate rise 'an expectation, not a commitment': Fed's Fischer

US Federal Reserve policymakers are still likely to raise interest rates this year but that is "an expectation, not a commitment", and could change if the global economy pushes the US economy further off course, Federal Reserve Vice Chairman Stanley Fisch
Published 12 Oct, 2015 12:00am
Egypt expects $1.5 billion in loans
Currency

Egypt expects $1.5 billion in loans

Egypt expects to receive $1.5 billion in loans from the World Bank and African Development Bank (AfDB) by the end of 2015, Prime Minister Sherif Ismail said, as part of efforts to boost foreign currency reserves and bolster the economy.
Published 12 Oct, 2015 12:00am
Lufthansa targets Gulf rivals with ME premium economy launch

Lufthansa targets Gulf rivals with ME premium economy launch

Lufthansa will launch its premium economy service into the Middle East later this month, it said on Sunday, aiming to go head-to-head on quality with Gulf-based rivals. The German carrier has often been at the forefront of a war of words between establish
Published 12 Oct, 2015 12:00am
Central bank cavalry can no longer save the world

Central bank cavalry can no longer save the world

In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy.
Published 12 Oct, 2015 12:00am
Bangladesh'S interbank forex and interest rates

Bangladesh'S interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.80-77.80 (previous 77.80-77.80). 05.30-06.50 percent (* Previous 05.30-06.50 percent).
Published 12 Oct, 2015 12:00am
Tokyo investors likely optimistic
Currency

Tokyo investors likely optimistic

Investors in Japanese shares will likely be optimistic next week as speculation for the Fed rate hike is receding and as commodity prices pick up, analysts say. In the mid-week, Tokyo stocks ended six straight days of gains as data showing machine orders
Published 12 Oct, 2015 12:00am
Markets may be near turning point, global economy the worry
Currency

Markets may be near turning point, global economy the worry

Currencies, stocks and bonds appear to be at a turning point, according to the latest Reuters polls from around the world, with the size and nature of forecast changes suggesting worries are building about the health of the global economy. The latest shar
Published 12 Oct, 2015 12:00am
Markets may be near turning point, global economy the worry
Currency

Markets may be near turning point, global economy the worry

Currencies, stocks and bonds appear to be at a turning point, according to the latest Reuters polls from around the world, with the size and nature of forecast changes suggesting worries are building about the health of the global economy. The latest shar
Published 12 Oct, 2015 12:00am
Britain's FTSE seen ending 2015 almost flat

Britain's FTSE seen ending 2015 almost flat

Britain's top share index is likely to end this year almost flat and gain just 6 percent from now until mid-2016, after most analysts in a Reuters poll slashed forecasts from just three months ago. Strategists cited a poor outlook for miners against a bac
Published 12 Oct, 2015 12:00am
Trading in Saudi Arabia's Mobily suspended

Trading in Saudi Arabia's Mobily suspended

Saudi Arabia's Capital Market Authority on Sunday suspended trading in Mobily's shares pending the mobile firm's response to the preliminary findings of a regulator panel investigating its restatement of over two years of earnings.
Published 12 Oct, 2015 12:00am
Trading in Saudi Arabia's Mobily suspended

Trading in Saudi Arabia's Mobily suspended

Saudi Arabia's Capital Market Authority on Sunday suspended trading in Mobily's shares pending the mobile firm's response to the preliminary findings of a regulator panel investigating its restatement of over two years of earnings.
Published 12 Oct, 2015 12:00am
Shipper Hapag-Lloyd's CEO sticks with flotation plans

Shipper Hapag-Lloyd's CEO sticks with flotation plans

Container shipping group Hapag-Lloyd is sticking with plans to float, its chief executive said, despite other German companies curbing their listing ambitions due to uncertain markets and the impact of the Volkswagen emissions scandal.
Published 12 Oct, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.5 million at a cut-off price of 7.7301 pounds per US currency. Traders also said the pound was relatively unchanged on the parallel market.
Published 12 Oct, 2015 12:00am
Canadian stocks expected to mark first down year since 2011
Currency

Canadian stocks expected to mark first down year since 2011

Investors have soured further on the prospects for Canadian equities given slumping energy prices and worries about slowing growth in China, a Reuters poll showed, although a slight rise from the market's current beaten-down level is expected.
Published 12 Oct, 2015 12:00am
Wall Street week ahead: banks take spotlight as earnings season heats up

Wall Street week ahead: banks take spotlight as earnings season heats up

The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention next week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp , Wells Fargo & Co, Citigrou
Published 12 Oct, 2015 12:00am
Taliban car bomb targets British military convoy in Kabul

Taliban car bomb targets British military convoy in Kabul

A Taliban suicide car bomber struck a British forces convoy in central Kabul Sunday, triggering a powerful explosion in an attack that comes two weeks after the resurgent militant group overran a key northern city. The rush-hour bombing, which sent a plum
Published 12 Oct, 2015 12:00am
Israeli air strike kills two in Gaza

Israeli air strike kills two in Gaza

An Israeli air strike killed a Palestinian mother and daughter in Gaza on Sunday and police said a Palestinian detonated an explosive in her car on a road to Jerusalem, injuring herself and a policeman. Palestinians disputed the police account, saying an
Published 12 Oct, 2015 12:00am
Iraqi forces claim Baghdadi hit in air raid

Iraqi forces claim Baghdadi hit in air raid

Iraq security forces claimed Sunday to have struck a convoy carrying Islamic State group leader Abu Bakr al-Baghdadi in an air raid near the Syrian border but said his fate was unknown. In Syria, meanwhile, regime troops backed by Russian air strikes made
Published 12 Oct, 2015 12:00am
Iran tests new precision-guided ballistic missile

Iran tests new precision-guided ballistic missile

Iran tested a new precision-guided ballistic missile on Sunday in defiance of a United Nations ban, signalling an apparent advance in Iranian attempts to improve the accuracy of its missile arsenal. The Islamic Republic has one of the largest missile prog
Published 12 Oct, 2015 12:00am
Thousands gather in Washington on anniversary of Million Man March

Thousands gather in Washington on anniversary of Million Man March

Thousands of people gathered in front of the US Capitol on Saturday for a rally led by Nation of Islam leader Louis Farrakhan to commemorate the 20th anniversary of the Million Man March on Washington and decry racial and economic injustice. Farrakhan joi
Published 12 Oct, 2015 12:00am
Communist leader Oli chosen as new Nepal Prime Minister

Communist leader Oli chosen as new Nepal Prime Minister

Nepal's parliament Sunday elected communist leader KP Sharma Oli as the new prime minister, tasked with unifying the quake-hit country after a new constitution triggered deadly protests, a border blockade and a nation-wide fuel shortage.
Published 12 Oct, 2015 12:00am
Turkey launches air strikes on PKK camps

Turkey launches air strikes on PKK camps

Turkish warplanes struck Kurdistan Workers Party (PKK) militant targets in northern Iraq and south-eastern Turkey on Saturday and Sunday, pressing their military campaign a day after the rebel group ordered its fighters to halt attacks on Turkish soil. Se
Published 12 Oct, 2015 12:00am
Turkey sees IS hand in bombing, vows election will go on

Turkey sees IS hand in bombing, vows election will go on

Turkey is targeting Islamic State in investigations of a double suicide bombing in Ankara that killed up to 128 people, officials said on Sunday, while opponents of President Tayyip Erdogan blamed him for the worst such attack in Turkish history.
Published 12 Oct, 2015 12:00am
Thousands of Lebanese rally for Aoun

Thousands of Lebanese rally for Aoun

Thousands of Lebanese rallied at the presidential palace outside Beirut on Sunday in a show of support for Christian politician Michel Aoun, pressing their demand for him to fill the presidency vacant for over a year. Waving the orange flag of Aoun's Free
Published 12 Oct, 2015 12:00am
After bombings, thousands in pro-Kurdish demonstration in Paris

After bombings, thousands in pro-Kurdish demonstration in Paris

Several thousand mainly Kurdish demonstrators marched through Paris on Sunday to protest against what they called the Turkish government's "politics of war", a day after 95 people were killed by suspected suicide bombers in Ankara.
Published 12 Oct, 2015 12:00am
Economic revival: MCCI president spells out priorities

Economic revival: MCCI president spells out priorities

The newly-elected President of the Multan Chamber of Commerce and Industry (MCCI) Mian Fareed Mughees A Sheikh spelt out his priorities for the coming year while talking to this scribe here on Sunday. He would focus on ongoing severe energy crisis, improv
Published 12 Oct, 2015 12:00am
Shahbaz terms October 12, 1999 'Black Day' in history of Pakistan

Shahbaz terms October 12, 1999 'Black Day' in history of Pakistan

Punjab Chief Minister Muhammad Shahbaz Sharif has said that derailment of stable democratic system on October 12, 1999 was a heinous conspiracy against progress and prosperity of the country and Pakistani nation is still facing its consequences. However,
Published 12 Oct, 2015 12:00am
Punjab government to support SOS Children's Village initiatives

Punjab government to support SOS Children's Village initiatives

Chief Secretary Punjab Khizar Hayat Gondal has said that the Punjab government will provide all kind of support and co-operation for SOS Children Villages Pakistan. He was addressing a ceremony held in connection with inauguration of Library and Community
Published 12 Oct, 2015 12:00am
Chief minister takes notice of objectionable SMS to Uzma Bukhari

Chief minister takes notice of objectionable SMS to Uzma Bukhari

Punjab Chief Minister Muhammad Shahbaz Sharif has taken notice of the news regarding threatening SMS to Pakistan Muslim League-N leader Uzma Bukhari and sought a report from IG Police Punjab. The Chief Minister ordered that person sending such SMS should
Published 12 Oct, 2015 12:00am
Candidates, party leaders visit polling stations

Candidates, party leaders visit polling stations

All candidates of NA-122 and PP-147 kept visiting polling stations in the constituency on Sunday. PML-N backed candidates Sardar Ayaz Sadiq and Mohsin Latif polled their votes soon after the start of polling and visited different polling stations along wi
Published 12 Oct, 2015 12:00am
PRGMEA demands establishment of 'Trade House' in Dubai

PRGMEA demands establishment of 'Trade House' in Dubai

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has submitted the proposals to Prime Minister for bringing revolutionary changes for enhancing the export volume, said PRGMEA spokesperson Ijaz A Khokhar.
Published 12 Oct, 2015 12:00am
JI Shoora for addressing women and youth issues

JI Shoora for addressing women and youth issues

The central Shoora of the Jamaat-e-Islami, Pakistan has expressed grave concern over the numerous problems being faced by the country's youth and the women. A resolution adopted by the Shoora said that the youth, comprising around 50 million were a great
Published 12 Oct, 2015 12:00am
Samjhota Express operations: business community flays cancellation

Samjhota Express operations: business community flays cancellation

The business community of South Punjab has vehemently condemned the cancellation of operation of Samjhota Express twice a week. They also hailed historic speech delivered by the Prime Minister Nawaz Sharif, at the UN General Assembly reminding the world c
Published 12 Oct, 2015 12:00am
Public sector financial management: AGP holding conference today

Public sector financial management: AGP holding conference today

Department of the Auditor General of Pakistan being a sponsoring body of Pakistan Institute of Public Finance Accountants (PIPFA) is holding a conference on public sector financial management at Avari Hotel on Monday. The conference will start at 8.30 am
Published 12 Oct, 2015 12:00am
Special incentives for engineering sector urged

Special incentives for engineering sector urged

Imtiaz Rastgar, former CEO of Engineering Development Board, Federal Ministry of Industries said that government must promote engineering sector of Pakistan by granting incentives such as tariff facilitation, market expansion and policy making for the gro
Published 12 Oct, 2015 12:00am
New branches in remote areas: MCCI hails SBP policy

New branches in remote areas: MCCI hails SBP policy

Business Community of Southern Punjab has hailed the instructions of Federal Minister for Finance Muhammad Ishaq Dar to all the banks to open at least 20 percent new branches in rural, underserved and remote areas. As per policy of State Bank of Pakistan
Published 12 Oct, 2015 12:00am
Former SSGC MD's statement refuted by family

Former SSGC MD's statement refuted by family

Former SSGC Chief's family has denied his alleged statements appearing in the media after his arrest by the Rangers. Several claims that have run in the national press about and attributed to Zuhair Siddiqui, former managing-director of Sui Southern Gas C
Published 12 Oct, 2015 12:00am
FBR's IT System unable to treat CNIC as NTN for new filer

FBR's IT System unable to treat CNIC as NTN for new filer

Federal Board of Revenue (FBR) IT system discourages new persons who are willing to file their tax returns and pay their income tax liability as the IRIS is not generating any tax payment slip commonly known as Payment Slip ID (PSID).
Published 12 Oct, 2015 12:00am
Asif terms Russia operation in Syria helpful to entire region

Asif terms Russia operation in Syria helpful to entire region

Pakistan defence minister believes that Russia's current military operation against Daesh and other terrorist groups in Syria is helpful to the Arab country and the whole region. Khawaja Muhammad Asif told Irna that Russia's military operation against ter
Published 12 Oct, 2015 12:00am
NAB rejects allegations

NAB rejects allegations

In a press statement dated 09.10.2015, issued by the management of Formanites Housing Scheme, Lahore, a number of allegations have been levelled against this Bureau and its functioning. Fingers have also been pointed at the professionalism and integrity o
Published 12 Oct, 2015 12:00am
Prices of all kitchen items register increase

Prices of all kitchen items register increase

Prices of almost all kinds of essential daily use items, including vegetables, fruits and other groceries, registered a manifold increase in open market during the preceding week, according to a survey conducted by Business Recorder here on Sunday.
Published 12 Oct, 2015 12:00am
KP government determined to curb corruption at all levels: Khattak

KP government determined to curb corruption at all levels: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that the PTI-led government is determined to curb corruption at all levels particularly from government departments, maintain discipline and ensure judicious use of district development funds in th
Published 12 Oct, 2015 12:00am
President condemns Ankara blasts

President condemns Ankara blasts

President Mamnoon Hussain Sunday strongly condemned the blasts took place in Turkish capital Ankara, expressing condolences over the loss of lives. In a statement issued by the President House, the President said the people and government of Pakistan stoo
Published 12 Oct, 2015 12:00am
OPEC chief confident of a balanced oil market in 2016

OPEC chief confident of a balanced oil market in 2016

OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing, the cartel''s secretary general Abdullah el-Badri said Sunday.
Published 12 Oct, 2015 12:00am
OPEC chief confident of a balanced oil market in 2016

OPEC chief confident of a balanced oil market in 2016

OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing, the cartel's secretary general Abdullah el-Badri said Sunday.
Published 12 Oct, 2015 12:00am
OPEC chief confident of a balanced oil market in 2016

OPEC chief confident of a balanced oil market in 2016

OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing, the cartel's secretary general Abdullah el-Badri said Sunday.
Published 12 Oct, 2015 12:00am
Belarus leader Lukashenko headed for landslide re-election

Belarus leader Lukashenko headed for landslide re-election

President Alexander Lukashenko was on track to win a fifth consecutive term by a landslide Sunday, exit polls showed, as the Belarussian leader warned critics against contesting the election outcome and ridiculed one of his opponents for being a woman.
Published 12 Oct, 2015 12:00am
Maldives warns India over pressure to free former president

Maldives warns India over pressure to free former president

Maldivian President Abdulla Yameen on Sunday warned India's foreign minister against external interference in the islands' affairs, his office said, as international pressure mounts to release his jailed predecessor. The president told Foreign Minister Su
Published 12 Oct, 2015 12:00am
ECP lauds Army, LEAs for peaceful by-elections

ECP lauds Army, LEAs for peaceful by-elections

Secretary Election Commission of Pakistan (ECP) Babar Yaqoob Fateh Mohammad on Sunday expressed satisfaction on the peaceful holding of by-elections in NA-122, NA-144 and PP-147. Talking to media persons here, the secretary said that the by-polls on all t
Published 12 Oct, 2015 12:00am
ECP lauds Army, LEAs for peaceful by-elections

ECP lauds Army, LEAs for peaceful by-elections

Secretary Election Commission of Pakistan (ECP) Babar Yaqoob Fateh Mohammad on Sunday expressed satisfaction on the peaceful holding of by-elections in NA-122, NA-144 and PP-147. Talking to media persons here, the secretary said that the by-polls on all t
Published 12 Oct, 2015 12:00am
PML-N wins Lahore's by-poll narrowly, loses Okara's by wide margin

PML-N wins Lahore's by-poll narrowly, loses Okara's by wide margin

Pakistan Muslim League (Nawaz) candidate Ayaz Sadiq has won the most keenly contested NA-122 seat, defeating PTI candidate Abdul Aleem Khan by a close margin of about 4,000 votes, whereas it has lost NA-144 (Okara) seat by over 40,000 votes. According to
Published 12 Oct, 2015 12:00am
PML-N wins Lahore's by-poll narrowly, loses Okara's by wide margin

PML-N wins Lahore's by-poll narrowly, loses Okara's by wide margin

Pakistan Muslim League (Nawaz) candidate Ayaz Sadiq has won the most keenly contested NA-122 seat, defeating PTI candidate Abdul Aleem Khan by a close margin of about 4,000 votes, whereas it has lost NA-144 (Okara) seat by over 40,000 votes. According to
Published 12 Oct, 2015 12:00am
Exports: NTC rules out variation impact on exchange rate
Cotton

Exports: NTC rules out variation impact on exchange rate

National Tariff Commission (NTC), an arm of Commerce Ministry, ruled out the impact of variation in exchange rate on Pakistan''''s exports and instead highlighted other factors like security situation, energy and interest rates negatively impacting on exp
Published 12 Oct, 2015 12:00am
Exports: NTC rules out variation impact on exchange rate
Cotton

Exports: NTC rules out variation impact on exchange rate

National Tariff Commission (NTC), an arm of Commerce Ministry, ruled out the impact of variation in exchange rate on Pakistan''s exports and instead highlighted other factors like security situation, energy and interest rates negatively impacting on expor
Published 12 Oct, 2015 12:00am
Exports: NTC rules out variation impact on exchange rate
Cotton

Exports: NTC rules out variation impact on exchange rate

National Tariff Commission (NTC), an arm of Commerce Ministry, ruled out the impact of variation in exchange rate on Pakistan's exports and instead highlighted other factors like security situation, energy and interest rates negatively impacting on export
Published 12 Oct, 2015 12:00am
Exports: NTC rules out variation impact on exchange rate
Cotton

Exports: NTC rules out variation impact on exchange rate

National Tariff Commission (NTC), an arm of Commerce Ministry, ruled out the impact of variation in exchange rate on Pakistan's exports and instead highlighted other factors like security situation, energy and interest rates negatively impacting on export
Published 12 Oct, 2015 12:00am
Futures spreads up 206 basis points

Futures spreads up 206 basis points

Futures spreads during the week, which ended on October 9, added 206 basis points to close at 10.78 percent from 8.72 percent of preceding week. The average daily trading volumes stood at 31.83 million shares, up 1.5 percent compared to the previous 31.38
Published 12 Oct, 2015 12:00am
Futures spreads up 206 basis points

Futures spreads up 206 basis points

Futures spreads during the week, which ended on October 9, added 206 basis points to close at 10.78 percent from 8.72 percent of preceding week. The average daily trading volumes stood at 31.83 million shares, up 1.5 percent compared to the previous 31.38
Published 12 Oct, 2015 12:00am
Futures spreads up 206 basis points

Futures spreads up 206 basis points

Futures spreads during the week, which ended on October 9, added 206 basis points to close at 10.78 percent from 8.72 percent of preceding week. The average daily trading volumes stood at 31.83 million shares, up 1.5 percent compared to the previous 31.38
Published 12 Oct, 2015 12:00am
Futures spreads up 206 basis points

Futures spreads up 206 basis points

Futures spreads during the week, which ended on October 9, added 206 basis points to close at 10.78 percent from 8.72 percent of preceding week. The average daily trading volumes stood at 31.83 million shares, up 1.5 percent compared to the previous 31.38
Published 12 Oct, 2015 12:00am
Excitement returns to KSE
Mutual Funds

Excitement returns to KSE

Karachi equities ended the week in green with KSE-100 index growing by three percent to close at 33,843.18 points. The otherwise bearish bourse, researchers at Topline Research believe, tracked recovery in Asian markets. Further, they said, sharp recovery
Published 12 Oct, 2015 12:00am
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